Yacho

Token Information

Token Name and Symbol: Bounty (BNTY)
Total Supply: 1,000,000,000 BNTY (fixed supply)
Initial Supply: 200,000,000 BNTY (20% of total supply for the ICO)

Token Distribution

Initial Coin Offering (ICO): 20% (200,000,000 BNTY)
Reward Pool: 30% (300,000,000 BNTY)
Team and Founders: 15% (150,000,000 BNTY) - Vesting over 4 years
Advisors and Partnerships: 10% (100,000,000 BNTY)
Reserve Fund: 15% (150,000,000 BNTY)
Marketing and Development: 10% (100,000,000 BNTY)

ICO Pricing and Sale

Early Bird Phase: $0.05 per BNTY
Main Sale: $0.10 per BNTY
Final Phase: $0.15 per BNTY

Token Utility

Data Sharing: Users earn BNTY tokens by providing accurate and up-to-date lead information.
Verification Rewards: Users earn tokens for verifying the accuracy of lead information provided by others.
Premium Features: Businesses use BNTY tokens to access premium features or data sets.
Staking: Users can stake BNTY tokens to participate in network governance and earn staking rewards.
Discounts: Tokens can be used within the platform for discounts on services or products.

Inflation and Deflation Mechanisms

Inflation: Fixed supply, no new tokens will be minted.
Deflationary Mechanism: Implement a token burn mechanism where a percentage of tokens used in transactions or for premium features is burned, reducing the total supply over time.

Security and Regulatory Compliance

KYC/AML: Ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations during the ICO.
Data Protection: Implement robust data protection measures to comply with GDPR and other relevant privacy laws.
Smart Contract Audits: Conduct thorough audits of smart contracts to ensure security and prevent vulnerabilities.

Incentive Mechanisms

Staking Mechanism: Users stake BNTY tokens when submitting information. Accurate data returns staked tokens plus rewards; inaccurate data results in lost staked tokens.
Reputation System: Develop a reputation score linked to token rewards. Higher reputation scores lead to increased token rewards and access to premium features.

Governance

Decentralized Governance: Implement a decentralized governance model where token holders can vote on platform upgrades, feature requests, and other key decisions.
Proposals and Voting: Token holders can submit proposals and vote on various aspects of the platform’s development and management.

Dynamic Reward Distribution Model

Assumptions:

Total Reward Pool (TRP): The total number of tokens allocated for rewards (e.g., 300,000,000 BNTY).
Initial Reward Rate (IRR): The initial percentage of the reward pool distributed in the first year (e.g., 10% of TRP).
Decay Rate (DR): The annual reduction rate in the reward percentage (e.g., 5% per year).
Total Distributed (TD): Total tokens distributed in a given year.

Formula:

1. Initial Annual Rewards: Initial Annual Rewards = TRP × IRR

2. Annual Rewards for Year n: Annual Rewards_n = TRP × (IRR × (1 - DR)^(n-1))

Example Calculation:

1. Year 1:

TRP: 300,000,000 BNTY
IRR: 10%
DR: 5%
Annual Rewards₁ = 300,000,000 × 0.10 = 30,000,000 BNTY

2. Year 2:

Annual Rewards₂ = 300,000,000 × (0.10 × (1 - 0.05)¹)
Annual Rewards₂ = 300,000,000 × 0.095 = 28,500,000 BNTY

3. Year 3:

Annual Rewards₃ = 300,000,000 × (0.10 × (1 - 0.05)²)
Annual Rewards₃ = 300,000,000 × 0.09025 = 27,075,000 BNTY

Implementation

Monthly or Weekly Distribution: Distribute the annual rewards on a monthly or weekly basis to ensure a consistent flow of rewards.

Dynamic Adjustment

Adjusting for Activity: Monitor user activity and adjust the reward distribution dynamically to ensure sustainability. If user activity increases significantly, the decay rate can be adjusted to slow down the reduction in rewards.
Replenishment: Consider allocating a portion of transaction fees or other revenue streams to replenish the reward pool, ensuring a continuous supply of tokens.

Example of Monthly Distribution in Year 1

By using this dynamic reward distribution model, you can ensure a sustainable and fair distribution of rewards, encouraging user participation while maintaining a constant supply of tokens in the reward pool.